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Swiggy stock hits 52-week low after Q3 loss surge
Swiggy’s stock fell nearly 6% to 359 rupees (US$4.10) on Feb. 10, hitting a 52-week low on the Bombay Stock Exchange (BSE).
The drop came after Swiggy reported a 39.1% increase in its consolidated net loss for Q3 FY25.
At this price, Swiggy’s market cap stands at 82.795 crore rupees (US$9.5 million), with over 1.5 crore shares traded.
Following the earnings report, Bernstein lowered its target price for Swiggy from 635 rupees (US$7.25) to 575 rupees (US$6.57).
Recent Swiggy developments
| Timeline |
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07-Feb-2025 📉 Swiggy shares hits 52-week low as Q3 losses widen
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06-Feb-2025 📉 Swiggy Q3 losses rise, quick commerce drives growth
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31-Jan-2025 📝 Swiggy’s company secretary resigns
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22-Jan-2025 📉 Swiggy shares drop 11%, market cap falls to $11.4b
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10-Jan-2025 📈 Swiggy shares rise 6.1% after launch of two new apps
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